Insider Selling: Grupo Aeromexico (NYSE:AERO) Insider Sells 350,000 Shares of Stock

Grupo Aeromexico (NYSE:AERO) insider Aaron James Murray sold 350,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $1.56, for a total transaction of $546,000.00. Following the completion of the sale, the insider directly owned 1,618,130 shares of the company’s stock, valued at approximately $2,524,282.80. This represents a 17.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Aaron James Murray also recently made the following trade(s):

• On Wednesday, May 20th, Aaron James Murray sold 600,000 shares of Grupo Aeromexico stock. The stock was sold at an average price of $1.51, for a total transaction of $906,000.00.

Grupo Aeromexico Stock Up 0.5%

Shares of NYSE:AERO traded up $0.08 on Friday, hitting $16.06. The company had a trading volume of 211,257 shares, compared to its average volume of 268,358. The stock’s 50-day moving average is $14.85. Grupo Aeromexico has a 1 year low of $12.26 and a 1 year high of $23.05. The company has a market cap of $2.19 billion and a price-to-earnings ratio of 19.58.

Grupo Aeromexico (NYSE:AERO) last posted its earnings results on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. Grupo Aeromexico had a net margin of 6.17% and a negative return on equity of 41.04%. The firm had revenue of $1.34 billion during the quarter. As a group, research analysts forecast that Grupo Aeromexico will post 1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AERO shares. Zacks Research cut shares of Grupo Aeromexico from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Grupo Aeromexico from a “hold” rating to a “buy” rating in a research note on Monday, May 11th. Barclays decreased their price target on shares of Grupo Aeromexico from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. The Goldman Sachs Group upgraded shares of Grupo Aeromexico to a “strong-buy” rating in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Grupo Aeromexico from $28.50 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.43.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AERO. Public Employees Retirement System of Ohio bought a new position in shares of Grupo Aeromexico in the 1st quarter worth about $56,000. R Squared Ltd bought a new position in shares of Grupo Aeromexico in the 1st quarter worth about $163,000. Federated Hermes Inc. bought a new position in shares of Grupo Aeromexico in the 4th quarter worth about $220,000. Sandia Investment Management LP bought a new position in shares of Grupo Aeromexico in the 4th quarter worth about $220,000. Finally, Quarry LP bought a new stake in Grupo Aeromexico during the 4th quarter valued at about $232,000.

About Grupo Aeromexico

Grupo Aeroméxico is the parent company of Aeroméxico, Mexico’s long-established flag carrier and commercial airline group. The company operates scheduled passenger and cargo services, with a network that connects domestic destinations across Mexico and international markets in the Americas, Europe and Asia. Grupo Aeroméxico’s operations include mainline services as well as regional flying through its regional affiliates, airport ground-handling and cargo divisions that support its commercial network.

The carrier deploys a mix of narrow-body and wide-body aircraft to serve short-, medium- and long-haul routes, using single-aisle jets for domestic and regional markets and wide-body equipment for transcontinental services.